Asset manager · Pasadena, CA
Shuster Advisory Group, LLC
SEC-registered investment adviser · CRD 170233 · SEC 801-106929
At a glance
Shuster Advisory Group, LLC is an SEC-registered investment adviser based in Pasadena, California, with $10.3 billion in regulatory assets under management as of its Form ADV filed May 20, 2026. Its largest client group by assets is state or municipal government entities, and it reports 192 individual clients. By Form ADV it is a asset manager, ranked 508th of 3,218 asset managers and 1,332nd of 17,210 SEC-registered advisers by assets.
Main office 626-578-0816sfgrpc.comAs filed on Form ADV
- Regulatory AUM
- $10B
- Rank among asset managers
- #508 of 3,218
- Rank among all SEC RIAs
- #1,332 of 17,210
- Rank in California
- #140 of 1,873
- Individual clients
- 192
- High-net-worth clients
- 153
- Accounts
- 1,026
- Discretionary
- 99% of AUM
- Employees
- 15
- Advisory staff
- 11
- Offices
- 1
Owners and executives on its Form ADV
- Mark A. ShusterManaging Member
- Joann ParrinoMember/chief Compliance Officer
Custody and brokerage
4 custodians
- Charles Schwab$3.5B40%
- Missionsquare Retirement$2.1B24%
- Retirement Plan Record-Keeping$1.9B22%
- Voya Institutional Trust$1.2B14%
Broker-dealer
Hybrid RIA
Shuster Advisory Group, LLC is a hybrid RIA: 3 of its employees are also registered representatives of a broker-dealer. It reports a broker-dealer among its affiliates on Form ADV.
Its Form ADV brochure (filed March 2026) names Equitable Advisors and Hub International Investment Services as the broker-dealer its advisers are registered with.
Some representatives of Shuster are registered representatives of Equitable Advisors, LLC, an unaffiliated broker/dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| State or municipal government entities | 103 | $8.5B | 83% |
| Pension and profit sharing plans | 71 | $977M | 9% |
| High-net-worth individuals | 153 | $588M | 6% |
| Corporations or other businesses | 32 | $115M | 1% |
| Other | 36 | $108M | 1% |
| Individuals | 39 | $5M | <1% |
| Charitable organizations | 1 | $0M | <1% |
Disciplinary disclosures
Shuster Advisory Group, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
- Periodicals or newsletters
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗sfgrpc.com ↗
AtlasMembers
The full record on Shuster Advisory Group, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 542 peers of its type and size
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- Owners and executives, with titles and stakes
- 2 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Shuster Advisory Group, LLC manage?
Shuster Advisory Group, LLC reports $10.3 billion in regulatory assets under management across 1,026 accounts, 99% of it on a discretionary basis, on its Form ADV filed May 20, 2026.
What kind of firm is Shuster Advisory Group, LLC?
Shuster Advisory Group, LLC is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Shuster Advisory Group, LLC’s clients?
By assets, its largest client types are state or municipal government entities ($8.5 billion, 103 clients); pension and profit sharing plans ($977 million, 71 clients); high-net-worth individuals ($588 million, 153 clients).
Does Shuster Advisory Group, LLC have any disciplinary history?
Shuster Advisory Group, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Shuster Advisory Group, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-05-20), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →